Access “Current” Account

Like a bank, but without the fees

Your credit union Access Account is just like a bank’s Current Account but without the fees and cheque book.

Your Access Account is separate from your Shares (Savings) Account, and does not qualify for a dividend or insurance cover.

Only sufficient funds to pay bills and make withdrawals should be in your Access Account. All other funds should remain in your Shares.

Getting Started

Your Access Account is automatically set up for you.

When setting up electronic payments for this Account, (Direct Debits, Bill Pay, Electronic Funds Transfers) please use your IBAN and Cara Credit Union BIC as these payments will be processed through SEPA. For further details click here for SEPA

A CU Disbursement Form tells Cara Credit Union where you would like your lodged funds to go: in to your Shares, your Loan or in to your Access Account.

Without a CU Disbursement Form, Cara Credit Union will automatically lodge your funds to your Loan (if due for payment or loan is in arrears)and balance to your Shares (savings) Account. If you don’t have a loan (due or in arrears) it will go directly to your Shares. Download the CU Disbursement Form here CU Disbursement Form fill in and return to our offices.

2. Automatic Top Up: You can use your Shares to fund your Access Account. Every time you make a withdrawal or pay a bill, funds can be topped up from your Share Account to Your Access Account by setting up an Automatic Top Up. This will keep your Access Account at a daily level that suits your transactions.

Please note share withdrawals may be restricted if you have a loan, and may affect your Life Savings Insurance Cover for members aged 55 years and over.

To set up an Automatic Top Up call to Cara Credit Union or download the form below and return to Cara Credit Union, Ashe Street, Tralee